The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-11-27
FINANCE AND MINING
The Faint Tread of Approach
ing Holiday Trade.
NEWS FROM MANY MINES.
ore md Bullion output-Present aud
PrOspsctive-The Money Mar
keith Business Haunts.

from that of the previous one IN the
amount of business transacted by the
merchants and others of tn is city
Orders came in steadily, and the rush
Immediately preceding Thanksgiving
was followed by reaction on Friday
which was, without doubt, the dullest
day for 10 these many months. Satur-
day, however, served, In a measure, at
least, to compensate for this, and, es-
pecially during the afternoon and eve
ming, trade was lively, and retail mer-
chants especially were kept busy until
late hour. Nearly every one-from
the peddIer on the corner to the large
wholesale house-is prepared for the
holiday rush, which even now begins to
make itself known by the presence OF
buyers from the outlying towns, vii
lagos. hamlets and mining cam IS,
whose representatives have been pur-
chasing very freely. Immense quaint
ties of toys and other seasonable goods
have been sent out by various repre-
sentative concerns during the week,
and these shipments have not been
confined within the borders OF Utah, but
have reached into Nevada, Idaho, and
Wyoming. That the merchants antici,,
pate d lively holiday trade, is evidenced
bv the large stock of goods laid in by
them late in the fall. II purchased
nearly twice the amount of stock this
wear that l did last" said one Main
Street dealer yesterday, land the wis
dom Of such a course is being made
palmer every day. To tell the exact
truth in the matter, l was very much
afraid that had overstepped the bounds
of prudence, but l am now convinced
Athat shall come out all right. In stock
ing up so completely, however, [ did
only what 1 subsequently discovered
my competitors we're doing, and have
yet to hear word of complaint from
them. | look for a holiday trade in
proportions far exceeding that of last
year; | may be disappointed, but L
hardly think | shall"
The money market remains at 1901,
and while not over -abundantly supplied,
small loans can be negotiated on first
class security-good real estate pre-
ferred-at the figures mentioned
above. In large amounts, however,
cash is not so readily obtainable, but is
to be had without a great degree of
trouble.
Stocks are in q quiescent s.ate-slug-
gish and Improbable TO the brokers'
who handle such paper.
Provo Manufacturing Company stock
sold recently at $500. The last quota
ton previous to this was 5000.
Daily was quoted at $500 and SIG 90.
Crescent at 80 cents.
The recent cold snap shuts off the
shipment of potatoes east, and it is
probably just as we'll that it IS SO. Sew
eral of the consignments made some
weeks ago have not yet been heard
from, and shippers in Salt Lake and
other portions of the Territory, are
anxiously awaiting returns. 1T is
probable, however" said shipper yes
terday, "that the cold snap may prove
beneficial to our dealers in another way.
1t IS true the eastern markets, or az
least portion of them, are pretty well
stocked with Utah tubers, but the buy
ers east who have been offering such
low figures may be compelled to raise a
Notch or two on account of the fact
that no more can be shipped this winter.
If the consignments are insthe hands of
honest dealers, it will be we'll for us
always, provided, that the charges for
storage are not excessive. News from
eastern points where Utah potatoes
have been held will be awaited with in
terest."
Commercial tourists arriving home
from different sections of the country
but more noticeably from the south
bring back heavy orders, and reports of |
a generally hopeful feeling prevailing
among the dealers they have en-
countered in their rambles.
The new interpretations filed the week |
past were the Inland Salt Company, I
he formerly 10
by Jeremy & Co., on the west shore of
the Lake, and propose to do their share |
of thu salt business; and the United |
Electric Company, whose purpose OF or |
asnization is still under cloud.
Copies of the New York Findncter, |
containing Mr.. w. s. McCornick's artI- |
Gle on bimetalism, read before the |
American Bankers Association at Pitts
burg, Pa, are floating about town. The
article is Reproduced in the current
number of the Journal of Comns6rce.
The work of taking an inventory of
the Lipman stock is still being pushed,
and the expectation was that it would
be finished by this morning. Whether
closed out in a lump has not yet been
decided by the assignee. There is q
rumor that Goldsmith or Goldberg. or
both together, may buy the whole out
at to prevent the clothing seasons being
spoiled by having so heavy stock
thrown on the market at sacrifice.
Concerning trade in the East r. g.
Dun & Co., of the commercial agency,
say: More than a third of all the
wheat which will leave the farms
throughout the country during the en-
tire year, was sold in New York city
during the rast sig days. Reported sales
reached LOT O,0OO bushels wheat,
q, 25T 600 corn, 1913 600 barrels oil,
1,046, 400 bales cotton, and 46S, 900 bags
coffee. Wheat advanced 81 cents, corn
AZ, oats II, oil rs. and coffee half
cent, while cotton declined sixteenth;
Hogs, pork, and pork products were ex-
cited, hogs rising 40 cents per 100 pounds
and lard 20 is; tin jumped 81 cents
again, and copper nearly one cent.
Apprehended deficiency of supplies is
the excuse for the excited advance in
some products, but the bottom fact is,